Personal Lines
U.S. P/C Insurers’ 2017 Prospects Earn Negative Sector Outlook From Fitch
The U.S. property/casualty insurance sector faces enough obstacles heading into 2017—everything from heavy competitive pricing to weaker profitability—that Fitch Ratings changed its fundamental ...
Why Allstate Is Buying SquareTrade; CEO Wilson Reveals Deal Benefits
Why pay more than $1 billion for a business with revenues in the hundreds of millions of dollars today? Analysts questioned executives of Allstate yesterday about the $1.4 billion deal announced ...
CFA’s Hunter Reacts in Actuarial Battle: Allstate’s Plan Is Price Optimization
Carrier Management recently published an article in three parts by James Lynch, chief actuary and vice president of Research and Information Services at the Insurance Information Institute, based ...
The Latest Launches From USAA, QBE North America, XL Catlin and The Hanover
USAA has added new features to its digital wallet app. QBE has partnered with SUA Agency to offer professional liability coverage to mortgage specialists. XL Catlin has enhanced its D&O offering ...
Allstate Will Pay $1.4B for SquareTrade, a Seller of Mobile Device/Appliance Warranties
The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America's major retailers. Allstate said it will ...
Verisk Acquires Data/Analytics Firm MarketStance for Undisclosed Price
Verisk Analytics disclosed it has snatched up MarketStance, a well-regarded firm that provides property/casualty insurance companies, brokers and agents market intelligence data and analytics. ...
The Latest Launches From Philadelphia Insurance, CFC Underwriting and Elephant Auto Insurance
Philadelphia Insurance Cos. has enhanced its fine arts coverage for museums and other cultural institutions. CFC Underwriting is offering a new kidnap & ransom product. Elephant Auto Insurance is ...
Advanced Weather Satellite Launches Promising Revolution in Hurricane, Tornado Forecasts
The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track ...